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    500 Richmond Street W

    Cityscape Terrace
    2for Sale
    1for Rent

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    4
    Number of Units:
    109
    Condo Completion:
    2000
    Condo Demand:
    Medium
    Unit Size Range:
    350 - 2,000 SQFT
    Unit Availability:
    Low

    Listing History for Cityscape Terrace

    Receive listing updates for Queen West

    Amenities

    Bike Storage
    Visitor Parking
    Indoor Parking
    BBQs Allowed
    Security System
    Guest Suites

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 500 Richmond Street WCityscape Terrace

    Nestled in the Queen West neighbourhood at 500 Richmond St W, this 6-storey building is home to 109 Toronto lofts. Cityscape Terrace is uniquely designed, with an exterior that's a cross between a traditional red-brick building and a ski-chalet.

    You won't find a long list of amenities in this building — which is ideal for anyone concerned about high maintenance fees — there is a parking garage, available guest suites and visitor parking, and pets are permitted.

    Queen West is quickly becoming one of the more desirable neighbourhoods in the city due to its convenient location — Queen West condos for sale are a great choice for singles or couples who want to be near Toronto’s best attractions, but also want some peace and quiet as well.

    The Suites

    If you have been in the market for a loft or a townhome in downtown Toronto — Cityscape Terrace should be on your list of potential properties. Suites in this building have generous square footage and great value.

    500 Richmond St W offers a variety of layouts for lofts and townhomes — some have courtyards or rooftop gardens, while others have terraces. Units come in 1 bedroom, 1 bedroom + den, and 2 bedroom designs, and 2 bedroom + den.

    Suite sizes range from over 700 square feet to 1632, features include: gas fireplaces, hardwood floors, updated kitchens, open-concept living and dining space, and some units are 2-storeys.

    The Neighbourhood

    Queen West is a lively neighbourhood known for boutique shopping, trendy cafes, great restaurants, and easy access to nightlife in King West and the Entertainment District. When you add in convenient streetcar service on Queen and King, this neighbourhood provides residents with a true urban experience.

    Queen Street is host to a wide array of boutiques for fashion-forward shoppers or those looking for a vintage find; there are unique jewellery stores such as Arton Beads, Bling Bling On Queen and the Beadery, shops for the DIY obsessed like Affordable Textiles and Downtown Fabric, plus a vast selection of shops for men’s and women’s fashion.

    Caffeine enthusiasts will likely find it difficult to settle on a favorite café but trying them all is certain to a rewarding experience; there Fahrenheit Coffee just down the street on Richmond, Quantum Coffee on King for espresso, Jimmy’s Coffee on Portland for baked goods and espresso-based drinks, Aroma Espresso Bar and Early Bird Coffee & Kitchen on Queen. And because no neighbourhood can exist without them — there's a Tim Hortons and a Starbucks on Queen as well.

    Food buffs and fast-food fans will find something to please their taste buds in this neighbourhood; for Italian cuisine Gusto 101 and Buca are on Portland, Lee is an incredible choice for Asian and French inspired small plates, WVRST is known for sausages and an extensive list of brews, and Pizza Libretto for hand-crafted pies. For late night snack runs and fast food — McDonald’s is on King and KFC is on Queen.

    For entertainment and nightlife, there are lively venues like SPIN Toronto in King West, Bier Markt King West, and Bar Hop. Plus, it is only a short ride to the Entertainment District where you can find live music, pubs, and clubs. Sports fans can leave the car at home and take the streetcar to the Rogers Centre for Blue Jays games. There are also attractions like the CN Tower, Ripley’s Aquarium of Canada, and the Steam Whistle Brewing.

    Queen West has plenty of great green spaces in the area — you can walk to the popular Trinity Bellwoods Park, Alexandra Park, or Stanley Park. For groceries and the essentials, there is a Loblaws and a Winstons Grocery on Queen.

    Transportation

    500 Richmond Street W has an enviable Walk Score of 99; with a spacious home at Cityscape Terrace you can easily accomplish your errands without public transit or a vehicle. Those who do rely on TTC, have streetcars on King, Queen, and Spadina — making it easy to connect to subway lines for fast travel around the city. Plus, there are several bus stop nearby for shorter trips.

    Drivers have a parking spot at 500 Richmond St W and a quick commute to the Gardiner Expressway, via Spadina Avenue.

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    Explore Queen West

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar lofts

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    Cityscape Terrace vs The Queen West Area

    Days on Strata

    Units at Cityscape Terrace spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    9%
    above
    the list price.

    Offer Competition

    Lofts in this building have a
    HIGH
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    5
    YEARS before being sold again

    Property Value

    16%
    Increase in property value within the past twelve months

    Price Ranking

    30th
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    Cityscape Terrace offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Cityscape Terrace has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Cityscape Terrace yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Cityscape Terrace is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 500 Richmond Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$620,000No Data$1,060,000 - $1,070,000$970,000 - $1,080,000No Data
    Avg. Cost Per Sqft$806No Data$936$854No Data
    Avg. Wait for Unit Availability328 DaysNo Data62 Days353 DaysNo Data
    Ratio of Units in Building16%4%69%12%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen West